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IndividualReport
InternationalMarketing:Anintroduction
Outcome1and2
CandidateName:
CandidateClass:
CandidateSCN:
Tableofcontents
1Introduction
3
2Findings
3
2.1ExplainWildhorseAutomobileenteringinternationalmarketsreasons
3
2.2TwosourcesofinformationthatWildhorseAutomobile
4
2.3Keyopportunitiesandthreatsassociatedwithentryinternationalmarket
5
2.4WildhorseAutomobilewouldusetoselectwhichmarketstoenter
7
2.5ThemodesofmarketentryavailabletoWildhoresAutomobile
8
2.6ThemostappropriatemethodforWildhorseAutomobiletoentrymarket
11
3Conclusion
12
4Reference
13
1Introduction
ThisreportdescribestheWildhorseAutomobiletoentertheoverseasmarket.Thisreportconsistsofsixparts.Reportedthecontentsofthepackagewildhorsewhyentertheinternationalmarket.Wildhorsecompanyidentifiedtwomarketstoenterthesourceofinformation.Ofthewildhorses.Whatmethodsofautomobilecompaniestoentertheoverseasmarket.Selecttheappropriatemethodstoentertheoverseasmarketandevaluatethecriteriayouuseinmarketing.Wildhorsecarcompanieschoosetherightwaytoentertheoverseasmarket.Thewildhorseofthecartoassessthestandardofyourmarketinginthemarket.
2Findings
2.1ExplainWildhorseAutomobileenteringinternationalmarketsreasons
Internationalmarketingistheapplicationofmarketingprinciplesinmorethanonecountry,bycompaniesoverseasoracrossnationalborders.Internationalmarketingisbasedonanextensionofacompany’slocalmarketingstrategy,withspecialattentionpaidtomarketingidentification,targeting,anddecisionsinternationally.
China'sproductioncostsrise,thepriceoftheWildhorseAutomobile’scarpriceswillleadtoadeclineinsales.Therefore,thewildhorsecarcompaniesshouldlookfortheproductionoflow-costoverseascountries.
Nationalpolicyrestrictionsonthecountry'sresources.Companyrespondstothegovernment'spolicy.SoWildhorseAutomobilecompanytobuildfactoriesinoverseascountries.
TheWildhorseAutomobilecompanyproductsduetoecologicalcausesofpoorsales.Ecologicalfactorsinfluencetheproductionefficiencyofthecompany.Socompany'sproductsaresoldoverseas.
TheWildhorseAutomobileCompanyinordertocompetewithrivals.WildhorseAutomobileCompanytoincreasetheshareofoverseasmarketsandenhancethecompany'sinfluence.WildhorseAutomobileCompanytoexpandoverseasmarkets.
2.2TwosourcesofinformationthatWildhorseAutomobile
Companyresearchmethodsincludeprimaryresearchandsecondaryresearch.Companiescanusesecondaryresearchwaystogatherinformation.Theadvantagesofsecondaryresearchincludesconvenientsavemoneyandresearchstaffdonotneedtohavetoomuchexperience.Butsecondlyresearchinformationwithuncertainty.
Companiescanbeusedthroughtwointernationalorganizationstodosecondaryresearch.
TheEuropeanUnionwasfoundedinNovember1,1993.EUtosetupBrussels.EUofficialwebsite:Europa.euTheEU'saimistheestablishmentofinternalbordersbyaspace,strengthencoordinationtodevelopandestablishtheeventualintroductionofaunifiedcurrencyEconomicandMonetaryUnioneconomic,social,andpromotebalancedeconomicandsocialdevelopmentofMemberStatesthroughtheimplementationoftheCommonForeignandSecurityPolicy.EUcaremissionshasstrictcriteria.EuropeanEmissionsDirectivecertificationstandsfornon-roadmobilemachineryemissionscertification,theEnglishtranslationof"EmissionsFromNon-roadMobileMachinery",referredtoas"NRMM".China'sautoexportstoEuropeneedtoreduceautomobileexhaustemissions.China'sautoexportsemissionsmustcomplywithEUvehicleemissionstandards
InternationalOrganizationforStandardizationbecalledforshortisISO.ISOwasfoundedin1946.ISOofficialwebsite:
/iso/home.html
.ISO'spurposeis:topromoteworldwidedevelopmentofstandardizationtofacilitateinternationalexchangeofgoodsandmutualassistanceandtoexpandcooperationinintellectual,scientific,technologicalandeconomicaspects.ISO'sheadquartersinGeneva,Switzerland.ISO/TS16949-2002theInternationalAutomotiveTaskGroup(IATF)inISO9001:2000qualitymanagementsystembasedonthecombinationoftherequirementsoftheinternationalautomotiveindustry,automotiveproduction,enactedin2002,theservicememberorganizationofinternationalqualitysystemrequirementsstandard.China'sautomobilecompaniessupportingplantrequirementsmorestringent,requiringhighquality,butalsorequiresthesuppliertostrictlycontrolcostsandimproveefficiency.TS16949providesaunifiedcandevelopqualitymanagementsystemmodelfortheautomotiveindustry.Chineseautocompaniescontinuetodeepentheimplementationofcontinuousimprovement,strengthendefectprevention,reductionofvariationandwaste,willmakethemanagementsystemmoreoptimized,sothatautocompaniesinthemarketcompetitioncontinuedtomaintainacompetitiveadvantage.
TheoverseascarwebsiteincludesCarmax.Theoverseasmagazinesincludes<Automotorandsport>isfromGermanyand<AutomotiveNews>isfromAmerica.WildhorseAutomobileCompanycanincludeinformationfromforeignwebsiteandmagazines.
2.3Keyopportunitiesandthreatsassociatedwithentryinternationalmarket
Primaryresearchshouldpayattentionincludes:
Primaryresearchincludeslocalpolicylocaleconomyandlocalculture,Companiesshouldbefamiliarwiththecultureofthetargetcountryisconducivetotheacquisitionofthetargetcountryinformation.Itisconvenientforthecompanytounderstandthelocalcultureandcommunicatewiththelocalpeople.Thegovernmentpolicyofthetargetcountrycanaffectthedevelopmentoftheenterprise.Tounderstandlocalpoliciescanavoidthelossofenterprises.Thetargetcountry'seconomywilldirectlyaffecttheincomeoftheresidentsofthetargetcountry.Thecompanyproducesthecarthatissuitableforthetargetcountrythroughthelocaleconomiclevel.Thecompany'scarsgomoresmoothlyintothetargetcountry.
Thewildhorseautomobilecompanycanobtaintheinformationinthese3publicplaces.Forexample,theofficeoftheparkinglot,carwashshops,tollstations.Companiesfromtheofficeoftheparkinglottogetinformation,thecompanycanunderstandthepopularcarmodelsandtheuseof.Getinformationfromthecarwashshop,thecompanycangetthepopularcarpriceinformationtorecord.Companiesproducethemostattractivecarsthroughtheacquisitionofinformation.Companiescancollectinformationfromthetollstation,thecompanycanknowthedifferentcarcharges,speedandperformanceofacarrunning,youcanfindalong-distancecarrunningmodels,whichisconducivetothecompany'scarsales.
Externalenvironmentincludessixfactors,divideintopolitical,legal,social,natural,technologicalandeconomic.
Politics,includingthegovernment'senergyconservationandemissionreductionpolicies,foreignpolicyandvehiclecontrolpolicy.
Economyincludespercapitaincome,unemployment,consumptionlevel.
Society,includingpopulation,localeducationlevelandtheproportionoflocalpopulationage.
Technologyincludestechnicalworkers,technicaloptimizationandupdatingoftraditionaltechnologies.
Nature,includingairpollution,naturaldisastersandwasteofresources.
Thelawincludeslocallawstoprotectlocalcarcompanies.
TheopportunityofWildhorseAutomobileCompanyintheoverseasmarketincludes:
Technological:Targetcountry’sgovernmentrequiresimportedcarsmeetthestandardsofenergyconservation.Sotargetcountryhashighdemandfornewenergyvehicles.Chineseautocompanieshavegreatdevelopmentinthenewenergy.China'sautocanexportstotargetcountries.TechnologycanhelpWildhorseAutomobilecompanyincreasesales.
Economy:thetargetcountry'seconomicrecovery,thetargetcountry'semploymentraterises,thetargetcountry'spublicdemandforthecarincreases.Sothepublicdemandforcarsisworkinginthetargetcountry.Chinesecarshavepriceadvantage,whichisconducivetothesaleofthetargetcountry.
ThetechnicalthreatofWildhorseAutomobileCompanytoentertheoverseasmarketincludes:
Social:Developedcountriescarbrandisgoodintargetcountrypublic’sheart.But,Chinesecarbrandhasbadimpressionintargetcountrypublic’sheart.BadimpressionofbrandcaninfluenceChineseautomobileefficiencyintargetcountry."MadeinChina"inapartoftheforeignmarketimpressionisinferior,Chinaneedstochangetheimpressionofthebrand.PromotionofbrandimagecanpromotethesalesofChineseautomobilebrand.
2.4WildhorseAutomobilewouldusetoselectwhichmarketstoenter
Whenacompanytooverseasmarketneeddomarketresearch.Theresearchincludesprimaryresearchandsecondaryresearch.Secondaryresearch’swayincludescollectinformationfromavarietyofreliablesources.Atthisstagesuchtechniquescanbeused.
Screenthecollectedinformationusingsetcriteria,e.g.asintheBusinessEnvironmentalRiskIntelligence(BERI)index.
Selecttop-scoringcountriesorregion
Applysecondaryscreeningcriteriausingdatafrommarketsandthebusiness,e.g.marketattractiveness/competitiveadvantage(GEmatrix)
Selectbestcountry(ies)andregion(s)toenter.
Prepareaninternationalmarketingplan/strategy
6.1Theselectionofthemostappropriateentrymode
6.2Theselectionofthemostappropriatetargetmarkets
6.3Theselectionofanappropriatemarketingmixsuitedtothecountryandtargetmarket.
2.5ThemodesofmarketentryavailabletoWildhoresAutomobile
TheInternet
ThepopularityofInternetcomputersandmobilephoneshasshortenedthedistancebetweenpeopleandimprovepeople'sworkingefficiency,whichisgoodforinternationalmarketing.Internetmakesinternationalpaymentsmoreconvenient.Theadvantagesoftheinternationalnetworkofthebuyerandthesellerincludingsecurityandfast.TheInternetcanmonitorlogistics,makelogisticsmoresecure,andpromotetradebetweencountries.
Exporting(DirectandIndirect)
Directexportscanenableenterprisestoquicklyselltheirproductsintheinternationalmarketataverysmallstart-upcost,intermsoffixedassetsdoesnotrequireorrequiresonlyasmallamountofinvestment,sothereislittlerisk.Intheinitialexploratoryexport,onthebasisofprevioussuccess,theenterprisebyincreasingtheexportvolumeofexportlinesandenterthenewinternationalmarket,soastograduallyincreasetheexportvolume.Directexportcanenableenterprisestoaccumulatealotofinternationalexperience,sothatenterprisesintheprocessofinternationalizationofthemorefaraway.
Indirectexportmaybeagoodwayforenterprisestoentertheinternationalmarketforthefirsttime.Manufacturersneedonlyalittleknowledgeofforeignorforeignmarkets,butalsobecauseofthis,ithasseparatedthemanufacturersfromforeignmarkets.Indirectexportsreducetherisk.
ContractualAgreement
Contractmodeisanon-equitycontractsignedbetweentheenterpriseandthetargetcountry,theformerpatent,technology,experience,management,humanresourcesandotherintangibleassetsforthelattertouse,andfromthelattertoobtaineconomicbenefitstoshare.Contractisawaytoentertheforeignmarketthroughtheoutputofknowledgeandtechnology.Contractmodemainlyincludes:licensemode,franchisemodeandprojectcontractingmode,etc.
Entrymodesofinternationalmarketing
Waystoentertheinternationalmarketincludeinternationalagent,licensing,franchising,jointventure,turnkeyprojects,andstrategicalliance.Detailedthreewaystoentertheoverseasmarket.Threewaysincludesinternationalagent,licensing,andfranchising.
Internationalagent:Internationalexportagencyisamethodforacompanytoemployoverseasagentstopromoteinternationalsales.Agentshavenotitletothegoods.Agentsonlychargeacommission.Internationalagenttakelessinvestmentandgetlessmoney.
Theadvantagesofinternationalagentincludesinternationalagenthaveexpensiveknowledgeandexperienceofmarket.Littleinvestmentrequiredandlowpoliticalrisk.Thedisadvantageofinternationalagentincludesinternationalagentmaylackcommitmentandmotivation.Internationalagentmaybetoosmalltoexploitthewholemarket.Andthismethodmaybeinefficientforlargemarkets.
Franchising:Franchisingistheownerofthefranchiseisintheformofcontractualagreement,whichallowsthefranchiseetouseitsname,trademark,proprietarytechnology,productandoperationmanagementexperiencetoengageinbusinessactivities.FranchisingTakelesscapitalinvestment,andgettheamountofmoneyearnedmoderate.
Theadvantagesoffranchisingincludeshighlevelofcontrol,highlymotivatedbusinesscontactwithmarketknowledge,money.Andfranchisingcangiveprotectionofpatents.Thedisadvantageoffranchisingincludesproblemswithlocallegislation,highcostofmarketingpackagetosupportfranchisees.Costandtimeinvolvedinfindinggoodfranchisees.
Licensing:Licensingisauthorizedtooperate,chargetoallowotherstousetheirownbrandofcommercialoperationmodeinthespecifiedtime.Licensingininternationalmarkettakelessinvestmentandgetlessreturn.
Theadvantagesoflicensingincludesaprolongeddepreciationofatargetcountry’scurrencymayalsoswingamanufacturerfromexporttolicensing.Licensingovercomestheproblemofhightransportationcost,whichmaketheexportofsomeproductsnon-competitiveintargetmarkets.Politicalriskislowerthanwithequityinvestments.Manyhostgovernmentfavourlicensingoverforeigninvestmentasawaytogettechnology.Thedisadvantageoflicensingincludeslackofcontrolbythelicensoroverthemarketingplanandprogrammeinthetargetcountry.Riskofcreatingacompetitorinthirdmarketsoreveninthemanfacturer’shomemarket.Armedwiththelicensorstechnology,thelicensesmaybecomeaformidablecompetitorinworldmarkets.Absolutesizeofincomefromalicensingarrangementascomparedtothatfromexportingto,orinvestingin,thetargetcountry.
2.6ThemostappropriatemethodforWildhorseAutomobiletoentrymarket
WildhorseAutomobileCompanyhavechosentheMalaysianmarket.WildhorsecanchoseIndiamarket.India'spoliticalstabilityleadstosocialstability.India
is
Asia's
anchor
economy.India'seconomyisdevelopingveryfast.India'spercapitaincomeincreased.Indianemploymentisrising,andthedemandforcarsisincreasing.Duetotheeconomicdevelopmentof
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